Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS (Tables)

v3.24.0.1
BUSINESS ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Reverse Recapitalization Cash Balance The cash balance on the Closing Date consisted of the following (in thousands):
Amount
Capital contribution from EverArc $ 315,807 
Proceeds from PIPE Subscribers 1,150,000 
Senior Notes, net of issue costs 663,970 
Total $ 2,129,777 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The total purchase price consideration and its final allocation for SK Intermediate was as follows (in thousands):
At November 9, 2021
Purchase Consideration:
Cash consideration $ 1,220,103 
Management Subscribers rollover contribution 11,048 
Redeemable Preferred Shares 100,000 
Fair value of total consideration transferred $ 1,331,151 
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Property, plant and equipment $ 62,689 
Inventory 100,246 
Tradenames 101,000 
Customer lists 761,000 
Existing technology and patents 250,000 
Working capital 27,379 
Other assets (liabilities), net (832)
LaderaTech contingent earn-out
 (19,781)
Long-term debt (696,971)
Deferred tax liabilities (299,474)
Total fair value of net assets acquired 285,256 
Goodwill (1)
1,045,895 
Total $ 1,331,151 
(1)Of the total goodwill amount herein, $871.4 million has been allocated to Fire Safety segment and $174.5 million has been allocated to Specialty Products segment.